value is not everything, page-8

it is interesting that Merryl Lynch have them as a sell yet they became a major shareholder back in Jan 06 at an average price of $7.72. What do they know now that they didnt know back then?
The zinc price was $1/lb to .90/lb and the long term estimates from MFS were $1.18/lb for 2006.
Why did they buy in at such a price? what was there price target then? what has changed that means they see a low future price?
What do Morgan Stanley see in them at $10.90 for 26 million shares that Merryl Lynch dont? boy are MS goinf to be upset with a $6 price on the share. Now that what i call a bad trade. lol

cheers andrewe